Teacher Retirement System of Texas Sells 20,993 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Teacher Retirement System of Texas lessened its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,786 shares of the company’s stock after selling 20,993 shares during the period. Teacher Retirement System of Texas owned 0.06% of Par Pacific worth $554,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Par Pacific by 232.5% during the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock worth $27,000 after buying an additional 1,167 shares during the period. US Bancorp DE boosted its holdings in Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after purchasing an additional 700 shares during the period. Allworth Financial LP raised its holdings in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock worth $139,000 after purchasing an additional 7,975 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Par Pacific by 126.7% in the 3rd quarter. FMR LLC now owns 8,634 shares of the company’s stock worth $152,000 after purchasing an additional 4,826 shares during the period. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PARR shares. JPMorgan Chase & Co. lowered their target price on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $19.00 in a research note on Thursday. TD Cowen decreased their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. StockNews.com lowered Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.71.

Par Pacific Price Performance

Shares of NYSE:PARR opened at $14.25 on Monday. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $40.20. The stock’s 50 day moving average is $15.37 and its 200-day moving average is $16.54. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $780.38 million, a price-to-earnings ratio of 2.76 and a beta of 2.01.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Sell-side analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.